We’re here to meet your financial needs.

Able Up Iowa provides low-interest and forgivable loans so you can purchase what you need to live independently. Regardless of your financial situation, we encourage you to apply. See our wide variety of loan options below.

Live independently

Assistive Tool

Get where you need to go

Vehicle Purchase

Make your home accessible

Home Modification

Improve your financial future

Credit Builder

Build a fur-ever bond

Emotional Support Animal

Make your home safe

Home Repair

Succeed in the workplace

Employment Equipment

Make your vehicle accessible

Vehicle Modification

Expand your capabilities

Service Animal

Reach you academic goals

Education Equipment

Ensure a safe drive

Vehicle Repair

Step toward stability

Back on Track

Live independently

Assistive Tool

Assistive Tool loans can be used to purchase any item, piece of equipment or product system that is used to increase, maintain, or improve the functional capabilities of an individual with a disability.

Examples of assistive tools include but are not limited to:

  • Hearing aids
  • Wheelchairs
  • Screen enlargement application
  • Accessible bed
  • Specialized handles
  • Adapted kitchen tools
  • Prosthetics
  • Mobility scooters
  • Memory aids
  • Voice recognition program
  • Screen readers
  • Computer or electrical systems
Get where you need to go

Vehicle Purchase

Vehicle Purchase loans can be used to purchase vehicle as well as related expenses – such as registration or getting an updated license. An applicant must have a transportation need that can only be realistically filled by purchasing a vehicle.

Make your home accessible

Home Modification

Home Modification loans can be used for any alternations made to a home to meet the needs of a person with a disability, diagnosis, or long-term condition.

Examples of home modifications include but are not limited to:

  • Ramps
  • Roll-in showers
  • Grab bars
  • Safety poles
  • Accessible sink
  • Lowered countertops
  • Platform lift
  • Stair glide
  • Accessible shelving
  • Slip-resistant flooring
  • Hand railing
  • Walk-in tub
Improve your financial future

Credit Builder

Our Credit Builder loan is a great option if you are first-time borrower. It’s also a great option if you are looking to improve your credit. If you receive a Credit Builder loan, you will be lent the optimal amount for boosting your credit score.

Like a line of credit, the full amount of the Credit Builder loan is released in installments rather than all at once. Additionally, the Credit Builder loan is linked with our Financial Empowerment program. This means each loan recipient is given the opportunity to participate in free, one-on-one credit coaching sessions.

Credit Builder loans can range anywhere from $300 - $1,000 and are paid back in a one-year period. Credit Builder loans are unsecured, meaning no collateral is required, and have a 10.00% interest rate.

Build a fur-ever bond

Emotional Support Animal

Emotional Support Animal loans can be used to purchase an animal companion that benefits an individual with a disability, diagnosis, or long-term condition. Able Up Iowa can provide funding for purchasing the animal, its training, veterinary expenses, and up to one year of supplies / care.

Make your home safe

Home Repair

Home repair loans include fixing, mending, or replacing a part of a home that is not functioning properly, including large appliances. Home repairs must be essential to the safety or wellbeing of the residents and do not include cosmetic enhancements.

Examples include but are not limited to:

  • Water heater
  • Furnace
  • Air conditioner
  • Roofing
  • Flooring
  • Plumbing
  • Electrical
  • Foundation
  • Water Damage
  • Mold removal
  • Termite damage
  • Septic system
Succeed in the workplace

Employment Equipment

Employment Equipment loans can be used to purchase any products or workspace accommodations needed to gain or maintain employment.

Examples of employment equipment include but are not limited to:

  • Telephone system
  • Computer and software
  • Mailing equipment
  • Printer, scanner, or copier
  • Internet connectivity
  • Farm equipment
  • Mechanical, electrical, or plumbing equipment
  • Transcript software
  • Headsets
  • Technical tools
  • Safety gear
Make your vehicle accessible

Vehicle Modification

Expand your capabilities

Service Animal

Service Animal loans can be used to purchase a service animal that is individually trained to do work or perform tasks for the benefit of an individual a physical, sensory, psychiatric, intellectual, or mental disability. Able Up Iowa can provide funding for purchasing the animal, its training, veterinary expenses, and up to one year of supplies / care.

Reach you academic goals

Education Equipment

Education Equipment loans can be used to purchase any hardware or software used to facilitate learning and improve education performance

Examples of education equipment include but are not limited to:

  • Laptop
  • Tablet
  • Learning software
  • Projection devices
  • Video conferencing / distance education equipment
  • Transcript software
  • Internet connectivity
Ensure a safe drive

Vehicle Repair

Vehicle repair loans include fixing, mending, or replacing a part of a vehicle that is not functioning properly. Vehicle repairs must be essential to the safety or wellbeing of the residents and do not include cosmetic enhancements.

Examples include but are not limited to:

  • Tire replacement
  • Oil change
  • Brakes repair
  • Battery replacement
  • Ignition coils and spark plugs
  • Engine tune-up
  • Wheel alignment
  • Oxygen sensor replacement
Step toward stability

Back on Track

Our Back on Track loan provides relief to your urgent financial needs. With this loan, you can cover your immediate expenses and get on track to achieve your long-term financial goals.

Back on Track loans have a maximum amount of $1,000 and are paid back in a maximum of two years. Back on Track loans are unsecured, meaning no collateral is required. The interest rate for Back on Track loans starts at 15.00% but can be reduced to 5.00% for all recipients who agree to participate in 3 months of coaching through our Financial Empowerment program.

Frequently Asked Questions

How do I apply and what do I need?

You can apply online by clicking below. If you would prefer to fill out a hardcopy, you can request one and we will send it to you. If you would like to fill one out over the phone, click below and schedule a time for us to contact you. To process your application, we will need two forms of ID, verification of your income sources, bank statements showing your average monthly expenses, and a quote for the item you are purchasing with your loan.

What happens after I submit my application?

After receiving your application, an Able Up Iowa staff member will contact you at the time you scheduled on your application. If you did not schedule a time on your application, a staff member will contact you within 3 business days of receiving your application. During this contact, the staff member will begin reviewing your application with you. After your application has been reviewed, it will be sent to our external loan committee who make all the lending decisions. Throughout the entire process, all loan information you provide is kept strictly confidential.

How long will it take to know if I am approved?

Although Able Up Iowa does not provide emergency funds, we are dedicated to providing you with high quality service in the most efficient way possible. We ask for your patience while we process your loan request. The time needed to process a loan request is significantly expedited when an applicant submits all required information upfront and responds in a timely manner to communication attempts. Once your request has been fully processed, our loan committee will reach a decision within 3 business days.

If I am approved, how long will it take to get the funding?

After a loan has been approved, the next step is for the loan recipient to sign loan documents with a notary public present. These documents cover the terms of the loan. We must review hardcopies of these documents before we can release the funds. Once we have received signed and notarized loan documents from the loan recipient, we disburse the loan funds within 2 business days. The funds for the loan are sent directly to the third-party vendor who is selling the item or is completing the work for the loan recipient.

What if I am not approved for a loan?

If you are not approved for a loan, we encourage you to take advantage of our Financial Empowerment Program. This program will empower you to gain the knowledge and habits needed for long-term financial success. You may also have the opportunity to learn about other funding sources available to you. Participating in the Empowerment Program could increase your chances of receiving an approved loan in the future.

Please note we have recently changed our name from Iowa Able Foundation to Able Up Iowa.